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Updated almost 5 years ago, 03/01/2020

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1,888
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1,045
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Jack B.
  • Rental Property Investor
  • Seattle, WA
1,045
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1,888
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Time to drop price on rental yet?

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted

-It is priced comparable to rentals in the same area, and in better condition than some listed for the same price, much better condition.

-I have had a ton of interest, get a few emails a day, most don't qualify.

-I have done about 4 tours in the 3 weeks it's been listed. Last tour was very interested but it seems it went with another place.

-I have another month before the house becomes vacant, which I've budgeted for.

-It's currently listed at $2,800. I could drop it to $2,700. I know I am getting a lot of interest but no qualified applicants. I was getting bombarded with emails when it listed for $2,600 initially so I raised the price to $2,800 as I realized I had under priced it.

-I could offer a $500 first month discount instead of discounted rent? Less of a loss of revenue than discounting the rent by $100-200 a month.

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